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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents ($166,416 and $168,408 related to variable interest entities (“VIEs”)) $ 282,695 $ 259,351
Restricted cash 19,946 14,480
Restricted investments 88,240 91,556
Accounts receivable ($69,197 and $54,040 related to VIEs) 1,140,592 1,171,085
Retention receivable ($157,729 and $187,615 related to VIEs) 563,967 585,556
Costs and estimated earnings in excess of billings ($83,546 and $83,911 related to VIEs) 1,299,786 1,377,528
Other current assets ($29,553 and $33,340 related to VIEs) 132,321 179,215
Total current assets 3,527,547 3,678,771
PROPERTY AND EQUIPMENT (“P&E”), net of accumulated depreciation of $510,604 and $505,512 (net P&E of $28,773 and $22,133 related to VIEs) 441,606 435,088
GOODWILL 205,143 205,143
INTANGIBLE ASSETS, NET 69,983 70,542
OTHER ASSETS 232,499 153,256
TOTAL ASSETS 4,476,778 4,542,800
CURRENT LIABILITIES:    
Current maturities of long-term debt 66,228 70,285
Accounts payable ($33,540 and $36,484 related to VIEs) 471,938 495,345
Retention payable ($44,481 and $44,859 related to VIEs) 245,972 246,562
Billings in excess of costs and estimated earnings ($471,199 and $480,839 related to VIEs) 978,505 975,812
Accrued expenses and other current liabilities ($3,147 and $5,082 related to VIEs) 171,604 179,523
Total current liabilities 1,934,247 1,967,527
LONG-TERM DEBT, less current maturities, net of unamortized discount and debt issuance costs totaling $13,136 and $13,980 914,454 888,154
OTHER LONG-TERM LIABILITIES 238,370 245,135
TOTAL LIABILITIES 3,087,071 3,100,816
COMMITMENTS AND CONTINGENCIES (NOTE 10)
Stockholders' equity:    
Preferred stock - authorized 1,000,000 shares ($1 par value), none issued 0 0
Common stock - authorized 112,500,000 shares ($1 par value), issued and outstanding 51,644,903 and 51,521,336 shares 51,645 51,521
Additional paid-in capital 1,142,081 1,140,933
Retained earnings 255,105 304,301
Accumulated other comprehensive loss (45,310) (47,037)
Total stockholders' equity 1,403,521 1,449,718
Noncontrolling interests (13,814) (7,734)
TOTAL EQUITY 1,389,707 1,441,984
TOTAL LIABILITIES AND EQUITY $ 4,476,778 $ 4,542,800